Cyprus approves Noble Energy to build expandable onshore LNG plant

The facility would initially have a capacity of 5 million tpy, but it will be expandable, according to John Z. Tomich, Noble's country manager for Cyprus. The new LNG plant could handle growing gas volumes from the Eastern Mediterranean region as well as additional production from Israel.

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The government of Cyprus has approved Noble Energy to build
and operate an onshore LNG plant, possibly to be located in
Vasilikos, the company said on Wednesday.

The facility would initially have a capacity of 5 million
tpy, but it will be expandable, according to John Z. Tomich,
Noble's country manager for Cyprus. It could also include
other partners.

The new LNG plant could handle growing gas volumes from the
Eastern Mediterranean region, including the burgeoning Offshore
Cyprus Block 12. It may take additional output from Israel
in the future, Tomich said.

Dr. Symeon Kassianides, CEO of Cyprus-based Hyperion Systems
Engineering, said the developments are good for the country,
but cautioned that they will require "a lot of technical
skill".

To that end, Noble Energy will host the Eastern
Mediterranean Gas Conference (EMGC) next year, the first
industry conference of its kind for the region. The event will
be held in Nicosia, Cyprus, from March 26 until March 28.

The conference will give special focus to the latest
geopolitical, market and technology trends related to the
exploration, drilling, production, processing and marketing of
natural gas in the area.

It will also cover key issues such as
resource potential, leasing/permitting, development plans,
infrastructure requirements and governmental plans and
regulations. More details are available at the
event website.

Far more than providing tremendous business and growth
opportunities for the oil and gas industry, the abundance of
natural gas resources recently discovered offshore Cyprus and
Israel have the potential to forever alter the energy-security
and economic landscape of the entire Eastern Mediterranean
region, said Charles D. Davidson, CEO of Noble Energy,
said.

Noble Energy is extremely proud to be a part of this
international conference, and we are delighted that the natural
gas sector is committed to helping us unlock these historic and
truly transformational resources for the people of Cyprus and
Israel.

The event, organized by Gulf Publishing Company, is
expected to provide attendees with the knowledge and insight
necessary to build business operations in the area.

"We will take all of the interest generated by one of the most
significant new finds in the world and channel it into
definitive information on the resources, stages of development
for different fields, infrastructure requirements, and
timelines to get this important resource to market, said
John Royall, Gulf CEO.

An informational presentation and luncheon to introduce the
event was held Wednesday at the Hilton Cyprus, also
in Nicosia.

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Is a good move for Cyprus and noble energy,and is going to bring development for Cyprus citizen and international student studying oil and gas and offshore engineering as well as petroleum engineering because student is going to benefit a lot in terms of internship as well as employment opportunity.